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Airports Company South Africa reports USD96m loss for H1FY2021
Airports Company South Africa (ACSA) reported (03-Mar-2021) the following financial highlights for H1FY2021 (six months ended Sep-2020):
Revenue: ZAR685 million (USD44.7 million), -80.4% year-on-year;
Profit: Loss of ZAR1.47 billion (USD96 million), compared to a profit of ZAR125 million (USD8.2 million) in H1FY2020. [more - original PR]
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Ireland West Airport will be eligible to apply for funding under the programme, which has a budget of EUR21.3 million in 2021. The programme provides both capital and operational support to airports and provides funding for contracted daily services under an existing Public Service Obligation. The Department of Transport is also engaging with the European Commission to advance further schemes, in line with the package of supports for Irish aviation that were announced by the government in Nov-2020. [more - original PR]
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sschulwitz@thealpenanews.com
ALPENA Each year, the Alpena County Board of Commissioners allocates approximately $300,000 to the Alpena County Regional Airport.
This year, it only budgeted a touch over $167,000.
If things go according to plan, that money could remain in the county’s general fund and help reduce a projected $1.2 million budget shortfall the county is facing now.
That’s because, last year, the airport was awarded nearly $18 million from the federal government’s first coronavirus relief package, which officials hope will cover the cost of operations, projects, and the payment of bond debt taken on to help pay for the construction of a new terminal at the airport.